RE:Re [ x9 ] So DCcopperminer wrote: The earlier stated facts concerning Qtr4
End of Qtr3 98M Lbs produced
Management stated 2020 should be 130M Lbs plus or minus 5%, indicating if no plus or minus occurs, we make 32M Lbs for Qtr4
If 5% minus occurs, then 130M x's 5% is 6.5M Lbs, so 130M Lbs - 6.5M = 123.5 M Lbs, then 123.5M Lbs minus yr to date of 98M Lbs leaves 25.5M Lbs for Qtr4
If 5% plus occurs, then 130M Lbs x's 5% is still 6.5M Lbs, so 130M Lbs + 6.5M Lbs is136.5 M Lbs, then 136.5M Lbs minus yr to date of 98M Lbs leaves 38.5M Lbs for Qtr4
In Qtr3 we sold out at average $2.96, Qtr4 will sell a lot higher, maybe $3.40 ish
Conclusion--Qtr4 has to be a good Qtr
Sorry to the doomers, but that's how I see it. cm.
Those are the numbers I have been assuming. And of course I am expecting the lower end. It's the Florence JV partner financial package that worries me the most. I have tried to position myself to benefit from good news or bad. I have a stake if good, I have powder to use if bad.